Macau ‘s VIP industry is mostly managed by middle men, casino junket operators acting on behalf of multi-billion dollar casinos. But since 2014, their business has been hit hard with Chinese President Xi Jinping implementing an anti-graft campaign. Prior to 2014, revenue from VIP gamblers made up over 70 percent of total revenues. Gambling Stock Roundup: Macau GDP and Revenue Decline in ... Macau revenues (for the month of May) declined yet again, marking a year of decline. Gambling Stock Roundup: Macau GDP and Revenue Decline in Focus, Nevada April Revenues Up - June 1, 2015 - Zacks.com Macau's gambling revenue growth best in 20 months | Macau News
Macau casino-related crime rises as gambling profits
Macau casinos make more than half of their revenues from high rollers. As the anti-graft campaign activity and the number of cases investigated has seemed to slow in recent months, this second push in the crackdown on corruption will surely send shockwaves through Macau. Macau's gambling revenue hit with first annual fall - BBC News Macau's gambling revenue hit with first annual fall ... The prolonged slump in the sector has been blamed on the Chinese government's campaign to rein in conspicuous spending and corruption ... Macau signals rebound as gambling revenues hit 2-year high ... Macau's gambling revenue rose for a seventh month and hit a two-year high in February, in the strongest signal yet the casino hub was firmly on its path to recovery from a slump triggered by China ... Macau Sept gambling revenues fall by most in 5 yrs on ...
(Bloomberg) — Echo Entertainment Group Ltd., operator of Sydney’s only casino, is taking more bets by high-rollers from China, where a government anti-graft campaign is deterring VIPs from visiting Macau. Junket operators, which organize gambling holidays for wealthy players, are sending clients on higher-margin overseas trips as gambling revenue in Macau falls, Chief Executive Officer ...
GGRAsia – 2016: rise of the Asian mass-market casino resort? 31 Dec 2015 ... VIP baccarat revenue as a percentage of all Macau casino revenue has .... how China's anti-graft campaign will play out in the next 12 months, ... Melco Crown Can Survive And Thrive - Melco Resorts & Entertainment ...
Macau gambling revenue up for 4th month, new resorts ...
China's Corruption Crackdown Pummels Macau Casinos : Parallels ... Nov 7, 2014 ... An anti-graft campaign has driven away high rollers and others ... The casino strip in Macau has revenues roughly seven times its counterpart in Las Vegas. ... Last year, revenue rose about 20 percent, hitting $45 billion ... Why China's anti-corruption campaign hurts Macau - Market Realist Oct 7, 2014 ... Why China's anti-corruption campaign hurts Macau ... The crackdown on corrupt officials and tycoons hit revenues at Macau's high-rolling VIP lounges. ... Xi Jinping is trying to fix a culture that's known for bribery and graft. ... American- based casino operators in Macau—like Las Vegas Sands (LVS), MGM ... Macau's Economy Shrinks 20% in 2015 Amid Casino Gaming Slump ...
How anti-corruption policy of mainland China affects Macau gaming ...
Macau's Gaming Rakes in $2.7 Billion, but Future Still Murky - Jing ... 25 Oct 2017 ... Macau's gaming industry pulled in $2.7 billion in August. ... in $2.7 Billion in October Alone, but Anti-graft Shakeup Looms ... It's hard to deny the central role of Chinese tourism in Macau's economy. ... For Macau, the risks of another anti- corruption campaign hitting its gaming revenues are still very present. What a mysterious death tells you about the future of Macau | South ... 18 Sep 2016 ... Hit by China's anti-graft campaign, Macau sees rise in reported crimes .... Macau gaming revenue has stabilised but don't expect a 'V-shaped' ...
2018-2-21 · Following the launch of the anti-corruption campaign under the aegis of President Xi, wealthy high rollers from Mainland China lessened their spending on gambling activities and disappeared from Macau. They were trying to keep low profile in order to avoid drawing attention amid the anti-graft drive.